PPP Loan Data — Pineapple Farms Adult Living Inc, Rockledge, FL
Pineapple Farms Adult Living Inc is a corporation located at 1504 S Fiske Blvd in Rockledge, Florida that received a Coronavirus-related PPP loan from the SBA of $46,546.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Pineapple Farms Adult Living Inc in Rockledge, FL received a Paycheck Protection Loan of $46,546 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pineapple Farms Adult Living Inc's 2019 payroll expenses are estimated to be at least $223,421.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,895 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pineapple Farms Adult Living Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,546
Business Information - Pineapple Farms Adult Living Inc in Rockledge, FL
1504 S Fiske Blvd
Rockledge, FL 32955
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rockledge
In the Rockledge area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 15) and received an average PPP loan of $19,183 (compared to this company's $46,546).
Similar Nearby Businesses Who Received PPP Funding:
Karen Kuta Properties Inc
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 47% lower than Pineapple Farms Adult Living Inc's reported 15 employees, and received an average PPP loan of $70,456, 51% higher than this company's loan of $46,546.
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Footnotes & Information
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